#ONE(SPOT) entry range(0.01030- 0.01230) T.(0.02599) SL( 0.0101)BINANCE:ONEUSDT
entry range (0.01030- 0.01230)
Target1 (0.02199) - Target2 ( 0.02599)
SL .1D close below (0.0101).
*** Collect the coin slowly in the entry range ***
*** No FOMO - No RUSH - it is a long journey ***
**** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF #ENJ #ZIL #APT #MAV #ZRX #RENDER #THETA #CHZ #MASK #ONE ****
Trend Analysis
#ARB (SPOT) entry range( 0.4650- 0.6150) T.(1.3990) SL(0.4287)BINANCE:ARBUSDT
entry range ( 0.4650- 0.6150)
Target1 (0.9000) - Target2 (1.0740)- Target3 (1.3990)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.4287)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #ARB ****
#CFX (SPOT) entry range(0.1200- 0.1600) T.(0.4630) SL(0.1181)BINANCE:CFXUSDT
entry range (0.1200- 0.1600)
Target1 (0.2230) - Target2 (0.3330) - Target3 (0.3900) - Target4 (0.4630)
SL .1D close below (0.1181)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX ****
#GMT (SPOT) entry range( 0.1100- 0.1340)T.(0.2330) SL(0.1067)BINANCE:GMTUSDT
entry range( 0.1100- 0.1340)
Target1 (0.1899) - Target2 (0.2330)
3 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.1067)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT ***
SILVER Sellers In Panic! BUY!
My dear followers,
I analysed this chart on SILVER and concluded the following:
The market is trading on 32.966 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 33.538
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
EUR/JPY Analysis: Bullish Momentum Supported by ECB-BoJ Policy The EUR/JPY pair currently shows potential for upward movement, supported primarily by the ongoing divergence in monetary policies between the European Central Bank (ECB) and the Bank of Japan (BoJ).
The ECB's hawkish stance, involving rate hikes to manage inflation, contrasts sharply with the BoJ's ongoing zero-interest-rate policy and quantitative easing. This divergence has historically supported the Euro's appreciation against the Yen, as investors favor higher-yielding currencies.
Technical Analysis Insights:
Trend Indicators: The overall trend indicators, including moving averages, lean bullish on higher time frames. Shorter-term moving averages confirm the upward momentum, aligning with the macroeconomic outlook favoring the Euro.
Oscillators: Most oscillators currently show neutrality, with some indicating a buy, suggesting that while momentum remains positive, the pair could experience periods of consolidation.
Resistance and Support Levels:
Key resistance is identified near recent highs, while support rests around significant moving average levels and prior swing lows. This setup suggests that, although the current momentum is upward, any risk sentiment shift or unforeseen economic events could lead to volatility, impacting the upward trend.
Prediction
Given these indicators and the fundamental backdrop, the EUR/JPY is likely to maintain a gradual bullish trend in the short to medium term, with potential fluctuations depending on global economic factors and any shifts in the ECB or BoJ's policy stance.
Note: There is an OPEN GAP at lower levels.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always consider your risk tolerance and consult with a financial advisor before making trading decisions.
Diwali gift for all Ready for reversal trend1. Wait for a Clear Breakout
Entry Condition: A strong monthly close above the descending channel, ideally near or above the first target level of 272 INR. This would indicate that the long-term downtrend might be breaking, showing potential for a reversal.
Volume Confirmation: Look for increased volume to confirm buying interest. A breakout with strong volume typically indicates institutional participation, which could drive prices higher.
Target Zones: If a breakout occurs, you could aim for Targets 2 and 3 on the chart (428 and 742 INR, respectively) as mid- to long-term targets.
2. Support-Based Entry with a Stop-Loss
Entry Condition: If the price reaches the lower support area around 153-164 INR and shows signs of consolidation or buying interest (such as bullish candlesticks or volume spikes), it could be an opportunity to buy at a discount.
Stop-Loss: Set a stop-loss just below the support, around 150 INR or slightly lower, to manage risk in case the stock continues to fall.
Profit Targets: You could aim for Target 1 (272 INR) initially, then reassess if it continues upward.
3. Gradual Accumulation (DCA Approach)
Entry Condition: If you believe in the company’s long-term potential but the technicals are still unclear, you could consider dollar-cost averaging (DCA) over time. This approach reduces the risk of buying all at once and allows you to take advantage of lower prices if the stock declines further.
Accumulation Zones: Consider accumulating in the 150-180 INR range, as it offers potential support and a relatively lower-risk entry zone.
Exit Plan: Re-evaluate when it reaches key resistance levels, especially around the 272 INR level, to decide if you want to continue holding or book partial profits.
4. Look for Bullish Reversal Signals
Entry Condition: Watch for reversal patterns like a bullish engulfing candle, double bottom, or RSI divergence around the support area. These signals could indicate a potential upward move.
Volume and Momentum Indicators: Pay attention to indicators like MACD or RSI on the weekly/monthly chart for bullish crossovers, suggesting that momentum could be shifting in favour of buyers.
Important Considerations
Market Sentiment: Given the overall downtrend, be mindful of broader market conditions, especially for the banking sector.
Fundamental Check: Combine this technical approach with a look at Bandhan Bank's recent financial performance, management commentary, and sector trends, as these factors can affect price movement significantly.
Risk Management: Set stop-loss orders and be disciplined about adhering to them to protect your capital, especially in a volatile or uncertain market.
This approach is purely technical, so it's wise to balance it with a thorough understanding of the company's fundamentals and any recent news that might impact its long-term performance.
MIDCAP NIFTY S/R for 4/11/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Bitcoin and altcoin overview (November 01-02)Yesterday, Bitcoin reached the lower boundary of the volume zone at $71,000 but showed no reaction and consolidated below this level. Currently, we are in a local downtrend and have already approached the nearest buyer zone at $70,000-$68,900 (push volumes). For now, the scenario of a quick update to the all-time high is on hold.
At this moment, there is no strong reaction from buyers, so even if a bounce occurs, we expect a resumption of the downtrend from new selling zones.
Selling zones: $71,000 (lower boundary of the large volume zone, mirror zone), $72,000-$73,000 (area of volume anomalies).
Buying zones: $67,500-$66,800 (maximum volume of the sideways movement), $63,100-$62,500 (mirror volume zone), $60,000-$59,000 (buyer activity).
Interesting altcoins:
For BICO , we’re considering two short-position scenarios: (1) consolidation below the volume zone of $0.225-$0.217, with a short on the retest, and (2) a false breakout of the local high at $0.2357.
GBPUSD - May Restore#trading_idea #GBPUSD 💡
💸Sterling - Why did the pound drop, and what should we do about it?
The pound has fallen in anticipation of new data on tax cuts and energy subsidies in the UK. We could follow the tried-and-true approach — buy the dip. Here’s what to watch out for.
On the 1-hour chart, the price is trying to rebound from the support 1.288. The MACD points to the possible rise. However Parabolic SAR showing the pressure on the pair. Additionally, the price is still below the 10 and 20 MA.
🔼If the price break up 1.209 we may see further rise to 1.2947.
🔽Alternatively, the price may retest the support 1.288.
What do you think?
😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide.
➡️➡️ TRY SABIOTRADE NOW
USDJPY / OVERALL UNDER DOWNWARD PRESSURE / 4HUSD JPY 4H TIME FRAME
HELLO TRADERS
Supply Zone (154.685 - 154.975), This range is seen as a resistance level where the price might struggle to break above, as sellers are likely to dominate. If the price stabilizes in this zone, it suggests that a reversal could occur, potentially leading to a decline.
Potential Decline to Demand Zone (150.331 - 149.075) , If the price reverses from the supply zone, the expectation is that it could drop to the demand zone, where buying pressure is higher, and the price might find support.
Downtrend Confirmation , For a confirmed downtrend, prices would need to break below the demand zone, signaling strong selling pressure and possibly more declines.
Uptrend Confirmation (157.135 - 157.873) , Conversely, if prices can break above the supply zone, it would signal a potential uptrend. The target in this case would be the next resistance zone, around 157.135 to 157.873.
GOLD has conditions to increase with expectations of recoveryOn Thursday (October 31), some traders chose to take profits, causing gold prices to fall again, falling 2% and reaching a low of 2,731 USD/oz. As of the time of writing, Friday, November 1, gold has recovered to 2,746 USD/oz.
Safe-haven demand ahead of the US presidential election has pushed gold prices up for the fourth consecutive month, and gold prices have increased about 4% in the past month.
Previously, strong economic data released by the US increased market expectations that the Federal Reserve could cautiously cut interest rates in the coming months. Meanwhile, PCE data showed PCE inflation at 2.1% year-on-year, the lowest since early 2021 and slightly above the central bank's 2% target inflation rate.
Before the taper, gold prices had risen by more than a third this year due to central bank buying and safe-haven demand due to conflicts in the Middle East and Ukraine. Uncertainty about the US presidential election has also highlighted the value of gold as a safe-haven asset.
In 2024, gold's gains are driven by economic uncertainty, central bank buying and geopolitical risks, especially in the Middle East. Gold prices are now entering a historic year as expected interest rate cuts from the Federal Reserve and central bank demand will further support gold prices.
Therefore, do not worry about price drops because in terms of fundamental long-term trends, gold is still strongly supported.
During this trading day, traders need to pay attention to the US Nonfarm Payrolls (NFP) and October Unemployment Rate data.
Surveys predict 108,000 new jobs will be added, compared with 254,000 last month.
The Nonfarm payrolls measure the change in the number of people employed during the previous month, excluding agriculture. Job creation is a leading indicator of consumer spending, which accounts for the majority of economic activity.
Figures that are much higher than expected or equal to the previous period will be considered a positive signal for the USD and continue to add pressure to the gold downtrend. Meanwhile, data at or below is expected to support gold's return to the bullish cycle and the continuation of its long-term uptrend, ending the ongoing bearish correction.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, yesterday's correction caused gold to swing below the short-term rising price channel noted by the price channel on the chart.
However, gold is also approaching a notable support level sent to readers in yesterday's edition at $2,725 when gold has the conditions for a correction.
Although the price dropped significantly, the mid- and long-term trend is still bullish with specific conditions such as stable price activity in the price channel, stable activity above the EMA21 level.
During the day, if gold can hold above the 0.236% Fibonacci level, it will have the potential to increase further with a short-term target of about 2,768USD, the price point is the confluence of the lower edge of the channel © and the 0.382% Fibonacci level.
The expectation for the intraday trend is a recovery with a target level of around 2,768 USD, along with which notable price points will be listed as follows.
Support: 2,745 – 2,725USD
Resistance: 2,768USD
SELL XAUUSD PRICE 2765 - 2763⚡️
↠↠ Stoploss 2769
→Take Profit 1 2758
↨
→Take Profit 2 2753
BUY XAUUSD PRICE 2714 - 2716⚡️
↠↠ Stoploss 2710
→Take Profit 1 2721
↨
→Take Profit 2 2726
BTC/USD: UPSIDE PROJECTIONSBTCUSDT D1 has broken the upper trendline of the Descending Broadening Wedge pattern, showing signs of a bullish continuation. It may be setting up for a retest within a key Fibonacci cluster before potentially pushing higher. The next targets are around the harmonic resistance levels at 80,328 and 89,066. Immediate support is at 65,260, with a stronger base at 49,000.
Ripple | XRP is not a securityThe Southern District of New York concluded that Ripple’s Programmatic Sales and Other Distributions of XRP did not constitute the offer and sale of investment contracts.
But Ripple’s Institutional Sales of XRP constituted the unregistered offer and sale of investment contracts in violation of Section 5 of the Securities Act. Adam Cochran: First Judge did decide institutional sales/fundraising was securities. But the programmatic sale on exchanges didn't meet third prong of Howey. So sales to users via exchanges may be fine, as long as it was through orderbook and not ICO/IEO/Launchpad like things. Bounties, investments in others using XRP, grants using XRP, and transfers to execs in XRP not considered securities
The judge held that the XRP token itself is not a security, but the transactions and schemes around trading it need to discuss.
The Judge: "XRP, as a digital token, is not in and of itself a contract, transaction, or scheme that embodies the Howey requirements of an investment contract.Rather, the Court examines the totality of circumstances surrounding Defendants’ different transactions and schemes involving the sale and distribution of XRP.
ConsenSys lawyer Bill Hughes briefly explained the XRP court decision, saying that ultimately a jury will be needed to decide whether Ripple execs aided and abetted this unregistered issuance; the SEC is expected to appeal to the Second Circuit immediately.